Both meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses of over 20% in the past week, with PEPE dropping 22% and SHIB falling 21.6%, possibly due to the troubled launch of the Shiba network's layer-2 blockchain, Shibarium. Additionally, Bitcoin and Ethereum have also seen declines after news of Evergrande's bankruptcy filing.
Deep-pocketed crypto investors are moving hundreds of millions of Dogecoin as the meme coin tries to recover from market downturns, with large transactions being made from Binance, Robinhood, and an unknown wallet.
Dogecoin could reach $0.10 or even $0.20 in the next crypto bull market, with experts providing varying predictions for the end of 2023 and 2025.
Crypto trader Altcoin Sherpa suggests that the memecoin Pepe is a better investment than Dogecoin due to its promising price action and lower market cap. He predicts that Dogecoin could experience a significant drop of up to 21% from its current level.
Millions of dollars worth of the PEPE meme coin were transferred out of its multisig wallet, causing concern among investors and leading to a drop in its price, due to changes in transaction approval and a reduction in the number of wallets required for sign off.
Pepe (PEPE), a popular meme coin, is facing allegations of suspicious movements in contract addresses and a potential rug pull, causing panic among community members and a significant decline in price.
Elon Musk's recent post about Dogecoin did not have a significant impact on the value and trading volumes of DOGE, SHIB, and FLOKI, as these tokens followed regular market trends.
A whale investor bought 640 billion PEPE tokens, worth $529,000, at a reduced price due to concerns about developer manipulation and modifications to a multisig wallet, causing a 15% drop in the value of the meme coin.
PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.
The recent downturn in the cryptocurrency market has led to the liquidation of long positions and a decrease in market capitalization, but five undervalued cryptocurrencies trading below $0.1, including VeChain (VET), SNM (SONM), MVL (MVL), Dogecoin (DOGE), and Hedera (HBAR), have the potential for a rebound in the future.
Altcoin Pepe has seen a significant drop against Bitcoin, leading crypto strategist Credible Crypto to warn of potential similar price declines for other altcoins, while also predicting a rise in Bitcoin's dominance in the market.
Three former members of the PEPE project allegedly stole $16 million worth of PEPE tokens from the multisig wallet and handed over control to the sole remaining member.
On-chain analyst Yazan reveals that insider selling of PEPE holdings has begun, with around 400 billion PEPE sold, in line with Pauly's exposure of Pepecoin team members; Yazan urges crypto exchanges to implement measures to prevent insider transactions. Pepecoin's price has dropped 15% due to team selloffs, leading to negative sentiment within the community.
The founder of Pepe blames three former team members for a $16 million token withdrawal from the project's wallet, and vows to burn the remaining tokens after necessary expenses or donations.
Crypto's biggest memecoin, PEPE, experienced a major setback when 16 trillion tokens worth $16 million were sold by rogue team members, causing a 26% drop in market capitalization, but the remaining founder vows to continue and decentralize the project.
The cryptocurrency market has experienced a recent decline in prices, particularly for Bitcoin, Ethereum, and Dogecoin, leading to concerns among traders and investors. Despite this, there is optimism surrounding the performance of the top 5 altcoins (DOGE, SHIB, SFP, OCEAN, FET) in the coming weeks, with AI-driven projects generating hype and potential gains.
Some rogue developers on the Pepecoin team stole millions worth of Pepe coin (PEPE) by transferring tokens out of the project's multisig wallet, leading to a significant drop in the token's value, according to a team member. The project is now under new control, with plans to grow and decentralize in the future. However, analysts have raised concerns about the concentration of tokens in a few hands, posing risks for investors.
The team behind Pepe (PEPE) has issued a statement regarding a large transfer of coins, revealing that all founding members except one have sold their stake and abandoned the project, leading to a heavy price correction and the tokens being sold on crypto exchanges.
Grayscale achieves a victory against the SEC, Evergrande's bankruptcy could negatively impact risk-on assets, and the 16 trillion PEPE tokens reportedly stolen raise concerns over rug-pulled altcoins, according to The Market Report.
The decline in the price of Pepe coin is due to a scandal involving the founders, leading investors to consider alternative meme coins like Pikamoon, which is recommended by experts for its potential for portfolio recovery.
Bitcoin faced resistance at the 20-day EMA, indicating that bears are guarding this level, but the failure of bears to challenge the $24,800 support suggests selling pressure may be weakening, with a potential recovery towards $28,143 if the 20-day EMA is surpassed; meanwhile, Ethereum is at risk of a breakdown below $1,626, Cardano shows indecision between bulls and bears, and Dogecoin remains range-bound between the 20-day EMA and $0.06.
A crypto analyst warns that Pepe could decline by more than 50%, Bitcoin Cash (BCH) is likely to keep declining, and Bitcoin will experience volatility before a bull cycle in 2024-2025.
In 2023, meme coins such as Shiba Inu, Dogecoin, and ApeMax are dominating the conversation in the crypto world, with ApeMax emerging as a potential contender for the crown due to its innovative features and growing community.
